click to show more information

click to hide/show information About your Search

20100901
20100930
Search Results 0 to 2 of about 3
everybody back to work. martha: stephen moore, is an economic writer at the "wall street journal." good to see you. >> hi there. martha: a couple of things i take away from what austan goolsbee said, they try to manage down expectation and don't want to say things will get better when we have a long way to go. >> that's right, by the way, martha, i have known him several years and is a good economist but what he's disabilities of here is being honest, here. being honest about the repercussions of the stimulus bill, we probably are going to have a number of more months of 9%-plus unemployment, and, this, i think is an admission, at stimulus plan did not work. remember, we were promised an unemployment rate of less than 8% by now. martha: why they are backing away from specific numbers, because, the 8% number has hung around their shoulders in an unpleasant way and there's the august number, 9.6, the highest rate of 10% and nobody is feeling great at 9.6%, and, the stimulus package, there's still a lot of money left in that. a lot of folks wonder why can't we use the money for the new sti
.6%, and stephen moore is the economic writer for the "wall street journal." good morning to you and, this labor day what is the better topic than talking about labor in america. look the president will roll out big ideas, today, and wednesday, and at a press conference at the white house on friday and your view, are they big enough, stephen. >> bill, they are big ideas and just are not new ideas, as i look at the reports of what the president will say, more infrastructure spending and targeted tax cuts it is exactly what we have been doing the last year-and-a-half and what is interesting about the chart you showed us, the rise in the minim unemployment rate is one of the most important dates, january/february, '09 was about 8% and that was before we spent the trillion dollars of the stimulus money and spent all of the money and have an unemployment rate closer to 10% and i would say the prima facie evidence that the stimulus spending of a trillion dollars has not worked and -- it would be a mistake. bill: sorry to interrupt you, i'd have economists coming on the air and saying, look it had impa
to your paycheck next year if tax cuts are not extended. stephen moore, senior economic writer for the wall street journal, good morning to stkpwhraou by hill. -- hi bill. >> bill: if you make $50,000 a year, your taxes will go up $2900, starting when, the third week in january? >> january 1, 20 # one. as soon as that clock hits midnight, the new year brings those tax increases. >> if you're making $100,000 a year, your taxes go up $4500. >> yes. by the way, bill, let me just say one thing about this, it depends on how many kids you have, because remember there was a child credit in the 2001 and 2003 tax bill, so this is -- i think those examples you're using are for a family of four with two kids. bill: clarification, it is a family of four, based on our research and our brain room. the president has said he signed eight pieces of legislation already that provide small business tax cuts, and your tax haven't gone up in this administration, your taxes have gone down. is he right? >> well, he's partly right. it's true that he has signed a lot of legislation that's supposed to he
Search Results 0 to 2 of about 3